How far back can HMRC assess under-declared taxes?

by | Feb 27, 2025 | HMRC notices

From income tax to VAT, HMRC has specific time limits for issuing tax assessments. Depending on the circumstances—whether it’s standard, careless, offshore, or deliberate behaviour—these limits can stretch from 4 to 20 years. HMRC’s time limits...

How umbrella companies work

by | Feb 6, 2025 | HMRC notices

Umbrella companies offer an easy way for freelancers and contractors to get paid without running a limited company. They handle payroll and tax via PAYE, ensuring compliance and employment rights. But are they the right choice for you? Consider the pros and cons....

Selling online and paying tax

by | Jan 16, 2025 | HMRC notices

Selling online? Whether it’s a hobby or a business, you may need to pay tax if your earnings exceed £1,000. From services to content creation, it’s vital to understand self-assessment rules and new reporting obligations for online platforms starting...

Gifts of land and buildings to charities

by | Nov 28, 2024 | HMRC notices

There are special rules in place for taxpayers who make gifts of land and buildings to charity. This can include Income Tax and Capital Gains Tax (CGT) relief provided all the necessary conditions are met. There are also reliefs available where taxpayers sell a...